Heartland Value Plus Fund’s Q4 2021 Investor Letter

Heartland Advisors, an investment management firm, published its “Heartland Value Plus Fund” fourth-quarter 2021 investor letter – a copy of which can be seen here. According to the fund, the migration into large-cap companies that started midyear continued during the quarter but shares of smaller businesses still posted solid returns for the period. Stock selection for the portfolio was mixed, and the strategy was up on an absolute basis but modestly lagged its benchmark, the Russell 2000® Value Index. Holdings in Information Technology (IT) and Materials were up on both an absolute and relative but couldn’t overcome weakness in Financials. Holdings in Health Care were down but outperformed the benchmark average for the group. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.